Funding you earn now, next payment 06:00 UTC−0.0356%/8h= −39.0% APRpaid last 24h −0.133%
Price spread now: edgeX against Hyperliquid+0.125%86s7-day average −0.153% · you sell dearer than you buy
Net, funding: paid 7d − costs−$85as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$560.555% of the position
Funding, last 7 days−0.298%−$30 on $10k
+Price spread, last 4 days (all we have)−0.292%−$29 · spread now +0.125%, 7d avg −0.153%
=Together, before fees−0.590%+ Points / potential airdropHyperliquid: Season 2 · edgeX: Active · farm board−$59 on $10k · with fees, hour by hour
The price spread pays, funding is against you. edgeX is 0.279% dearer against Hyperliquid than usual: you sell high and buy low (spread +0.125% now, against its 7-day average of −0.153%): +$28 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 2.6 days. At the pace of the last 7 days (−0.298% in total) that is about 6.6 days. The two prices were read 86 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid GRAM | 1.4361 | 0.0456 | pay 0.0057% / 1h | 31m 51s | $35.4M | $7.6M | 5x |
| Short | edgeX GRAMUSDC | 1.4379 | 0.0100 | get 0.0050% / 4h | 2h 31m | $17K | $275K | 10x |
Hyperliquid GRAM
edgeX GRAMUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX against Hyperliquid. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$74.85
- Price spread: +0.125% → −0.153%
- $27.85
- Slippage, 4 orders
- −$37.5
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$102.5
- Costs to cover
- 0.555%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 11 min ago; edgeX: live order book, 16 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Hyperliquid live order book, 11 min ago | 0.35 bp | 6.2 bp −$6 | doesn't fit | doesn't fit | doesn't fit |
| Sell edgeX live order book, 16 min ago | 17.37 bp | 21.9 bp −$22 | 44.4 bp −$444 | doesn't fit | doesn't fit |
GRAM on 21 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective GRAM/USDC PERP | +0.0033% | 1h | 1.4490 | +0.898% | $4K | $143K | 12x | as long as short |
| Lighter GRAM | +0.0096% | 1h | 1.4365 | +0.026% | $2.3M | $2.9M | 20x | as long as short |
| Binance GRAMUSDT | +0.0100% | 4h | 1.4350 | −0.077% | $20.3M | $27.5M | 50x | as long as short |
| Bybit GRAMUSDT | +0.0100% | 4h | 1.4340 | −0.146% | $30.3M | $13.6M | 50x | as long as short |
| OKX GRAM-USDT-SWAP | +0.0100% | 4h | 1.4340 | −0.146% | $8.6M | $8.1M | 50x | as long as short |
| Gate GRAM_USDT | +0.0100% | 4h | 1.4349 | −0.084% | $3.5M | $3.5M | 75x | as long as short |
| MEXC GRAM_USDT | +0.0100% | 4h | 1.4350 | −0.077% | $16.5M | $2.6M | 20x | as long as short |
| KuCoin GRAMUSDTM | +0.0100% | 4h | 1.4350 | −0.077% | $9.2M | $10.2M | 50x | as long as short |
| Bitget GRAMUSDT | +0.0100% | 4h | 1.4346 | −0.104% | $7.1M | $4.0M | 50x | as long as short |
| edgeX GRAMUSDCshort | +0.0100% | 4h | 1.4379 | +0.125% | $17K | $275K | 10x |
Injective GRAM/USDC PERP
Lighter GRAM
Binance GRAMUSDT
Bybit GRAMUSDT
OKX GRAM-USDT-SWAP
Gate GRAM_USDT
MEXC GRAM_USDT
KuCoin GRAMUSDTM
Bitget GRAMUSDTShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni GRAMUSDT | +0.0100% | 1h | 1.4390 | +0.202% | $14K | $618K | 50x | as long as short |
| Orderly PERP_GRAM_USDC_mythos | +0.0100% | 4h | 1.4360 | −0.007% | $2K | $1K | 10x | as long as short |
| SunX GRAM-USDT | +0.0100% | 4h | 1.4407 | +0.320% | $6K | $560K | 10x | as long as short |
| HTX GRAM-USDT | +0.0100% | 4h | 1.4382 | +0.146% | $330K | $584K | 30x | as long as short |
| Phemex GRAMUSDT | +0.0100% | 4h | 1.4350 | −0.077% | $1.5M | $1.8M | 20x | as long as short |
| Paradex GRAM-USD-PERP | +0.0100% | 8h | 1.4354 | −0.046% | $2K | $31 | 5x | as long as short |
| Extended GRAM-USD | +0.0104% | 1h | 1.4346 | −0.104% | $168K | $123K | 5x | as long as short |
| Aster GRAMUSDT | +0.0216% | 4h | 1.4378 | +0.116% | $964K | $119K | 50x | as long as short |
| BloFin GRAM-USDT | +0.0340% | 4h | 1.4330 | −0.216% | $1.4M | $237K | 50x | as long as short |
| Backpack GRAM_USDC_PERP | +0.0448% | 1h | 1.4359 | −0.014% | $53K | $16K | 10x | as long as short |
| Hyperliquid GRAMlong | +0.0456% | 1h | 1.4361 | long leg | $35.4M | $7.6M | 5x |
ApeX Omni GRAMUSDT
Orderly PERP_GRAM_USDC_mythos
SunX GRAM-USDT
HTX GRAM-USDT
Phemex GRAMUSDT
Paradex GRAM-USD-PERP
Extended GRAM-USD
Aster GRAMUSDT
BloFin GRAM-USDT
Backpack GRAM_USDC_PERP